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Business Segment and Geographical Information (Tables) | 12 Months Ended
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Jan. 01, 2022
Segment Reporting [Abstract] |
Business segment information | The following table presents financial information for the Company's reportable operating segments:
(In thousands) |  | January 1, 2022 |  | January 2, 2021 |  | December 28, 2019
Revenue |  |  |  |  |  |
Flow Control (a) |  | $ | 288,788 |  |  | $ | 225,444 |  |  | $ | 250,339 |
Industrial Processing |  | 328,762 |  |  | 261,577 |  |  | 301,948 |
Material Handling (b) |  | 169,029 |  |  | 148,007 |  |  | 152,357 |
|  | $ | 786,579 |  |  | $ | 635,028 |  |  | $ | 704,644 |
Income Before Provision for Income Taxes |  |  |  |  |  |
Flow Control (a,c) |  | $ | 65,509 |  |  | $ | 51,530 |  |  | $ | 55,343 |
Industrial Processing (d) |  | 66,569 |  |  | 42,971 |  |  | 49,599 |
Material Handling (b,e) |  | 17,543 |  |  | 14,375 |  |  | 11,600 |
Corporate (f) |  | (32,911) |  |  | (27,752) |  |  | (28,719) |
Total operating income |  | 116,710 |  |  | 81,124 |  |  | 87,823 |
Interest expense, net (g) |  | (4,554) |  |  | (7,242) |  |  | (12,542) |
Other expense, net (g,h) |  | (104) |  |  | (195) |  |  | (6,359) |
|  | $ | 112,052 |  |  | $ | 73,687 |  |  | $ | 68,922 |
Total Assets |  |  |  |  |  |
Flow Control (a) |  | $ | 382,379 |  |  | $ | 263,141 |  |  | $ | 262,320 |
Industrial Processing |  | 405,575 |  |  | 379,965 |  |  | 375,194 |
Material Handling (b) |  | 334,785 |  |  | 273,909 |  |  | 281,057 |
Corporate (i) |  | 9,473 |  |  | 10,556 |  |  | 20,816 |
|  | $ | 1,132,212 |  |  | $ | 927,571 |  |  | $ | 939,387 |
(In thousands) |  | January 1, 2022 |  | January 2, 2021 |  | December 28, 2019
Depreciation and Amortization |  |  |  |  |  |
Flow Control (a) |  | $ | 8,366 |  |  | $ | 6,333 |  |  | $ | 6,603 |
Industrial Processing |  | 13,467 |  |  | 13,163 |  |  | 13,012 |
Material Handling (b) |  | 12,341 |  |  | 11,628 |  |  | 12,528 |
Corporate |  | 128 |  |  | 210 |  |  | 247 |
|  | $ | 34,302 |  |  | $ | 31,334 |  |  | $ | 32,390 |
Capital Expenditures |  |  |  |  |  |
Flow Control (a) |  | $ | 4,128 |  |  | $ | 2,808 |  |  | $ | 2,639 |
Industrial Processing |  | 6,412 |  |  | 3,123 |  |  | 5,113 |
Material Handling (b) |  | 2,211 |  |  | 1,539 |  |  | 2,144 |
Corporate |  | 20 |  |  | 125 |  |  | 61 |
|  | $ | 12,771 |  |  | $ | 7,595 |  |  | $ | 9,957 |
Geographical Information |  |  |  |  |  |
Revenue (j): |  |  |  |  |  |
United States (b) |  | $ | 328,456 |  |  | $ | 286,015 |  |  | $ | 309,957 |
China |  | 82,121 |  |  | 51,003 |  |  | 66,480 |
Canada |  | 79,426 |  |  | 62,059 |  |  | 64,010 |
Germany (a) |  | 37,178 |  |  | 23,292 |  |  | 29,076 |
France |  | 28,258 |  |  | 19,725 |  |  | 21,054 |
Other |  | 231,140 |  |  | 192,934 |  |  | 214,067 |
|  | $ | 786,579 |  |  | $ | 635,028 |  |  | $ | 704,644 |
Long-lived Assets (k): |  |  |  |  |  |
United States (b) |  | $ | 43,418 |  |  | $ | 40,293 |  |  | $ | 42,094 |
Germany (a) |  | 25,188 |  |  | 6,051 |  |  | 5,925 |
Canada |  | 8,460 |  |  | 7,221 |  |  | 7,948 |
Finland |  | 7,347 |  |  | 8,013 |  |  | 6,960 |
China |  | 6,613 |  |  | 9,844 |  |  | 10,319 |
Other |  | 16,963 |  |  | 13,220 |  |  | 12,786 |
|  | $ | 107,989 |  |  | $ | 84,642 |  |  | $ | 86,032 |
(a)Includes the Clouth business in 2021, which was acquired between July 19, 2021 and August 10, 2021 (see Note 2, Acquisitions). (b)Includes the Balemaster business in 2021, which was acquired on August 23, 2021 (see Note 2, Acquisitions). (c)Includes acquisition-related expenses of $6,191,000 and impairment and restructuring charges of $980,000 in 2021. Acquisition-related expenses include amortization expense associated with acquired profit in inventory and backlog, and acquisition costs. (d)Includes $1,861,000 of impairment charges in 2020 and $2,336,000 in 2019. (e)Includes acquisition-related expenses of $2,851,000 in 2021, $350,000 in 2020 and $5,715,000 in 2019. Acquisition-related expenses include amortization expense associated with acquired profit in inventory and backlog, and acquisition costs. (f)Represents general and administrative expenses. (g)The Company does not allocate interest and other expense, net to its segments. (h)Includes a pension plan settlement loss of $5,887,000 in 2019. (i)Primarily includes cash and cash equivalents, tax assets, ROU assets, and property, plant, and equipment, net. (j)Revenue is attributed to countries based on customer location. (k)Represents property, plant, and equipment, net.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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